Mike Brown

In his role at LendEDU, Mike uses data, usually from surveys and publicly-available resources, to identify emerging personal finance trends and tell unique stories. Mike’s work, featured in major outlets like The Wall Street Journal and The Washington Post, provides consumers with a personal finance measuring stick and can help them make informed finance decisions.

Articles by Mike Brown:

24
Jul
A Year Later, How Has Americans’ Perception of Equifax Changed?

Last year between May 13th and July 30th, Equifax fell victim to a cyber-security breach where hackers were able to access roughly 145.5 million U.S. Equifax consumers' personal data, in addition to at least 209,000 consumers' credit card credentials being stolen. Equifax, one of the three major credit agencies, announced the attack ​on September 7, 2017. […]

Posted in: Study,
17
Jul
What Do Post-Grads Do With All of That Graduation Money?

Graduating from college and receiving a bachelor's degree is as exciting a time as ever, but for many, the excitement is soon tempered by the uncertainty of the future. Will I find a job that suits me? Will I earn enough money to do things like start a family or purchase a home? Questions like these […]

Posted in: Study,
10
Jul
The Class of 2018 Career Report

Now that we're about a month into Summer, college graduates from the Class of 2018 have either already joined the working world or are taking their time to land jobs to do things like travel.For recent graduates, this is a time of great stress but also excitement. For the first time, many of them are thinking about their careers and […]

Posted in: Study,
26
Jun
The Finances of Fortnite: How Much Are People Spending on This Game?

In October of 1958, Physicist William Higinbotham created Pong, which is thought to be the world's first video game. Since then, video games have become part of mainstream culture, and every so often a transcendent game comes out, like Pac-Man or World of Warcraft, that brings in billions in revenue. Released in July of 2017, Fortnite may […]

Posted in: Study,
19
Jun
Zelle is Quickly Catching Up to Venmo

"Just Google it." "Are we going to Uber there?" "Can you Venmo me?" Sometimes a company and it's product becomes so mainstream, it becomes an actionable verb. ​And, when it comes to peer-to-peer (P2P) payment applications, Venmo has taken the clear lead. However, a new LendEDU survey revealed that Zelle is not far behind Venmo, and the […]

Posted in: Study,
12
Jun
A Financial Comparison of Mother’s Day & Father’s Day

Whether they paid for your education, drove you around countless times, cleaned up the messes you left behind, or did all three and then some, most of us are quite indebted to our parents. That is why we have both Mother's Day and Father's Day – two days out of 365 that are meant for us […]

Posted in: Study,
07
Jun
Department of Education Drops Private Debt Collectors – Here’s What to Expect

The Department of Education recently announced that they would be cutting ties with private debt collectors.The Trump Administration’s Education Department recently announced its plans to cease having private debt collectors collect late student loans. Currently contracted student loan servicers will take over those duties instead of outsourcing them to private companies

Posted in: National News, Student Loan News,
06
Jun
The Surprising Impact of Student Debt on the Millennial Mindset

Depending on who you ask, you may hear the student loan debt situation in the United States be referred to as a “crisis.”That description is certainly not without merit.In the U.S., the national student loan debt has been steadily climbing to its current record high at $1.45 trillion. There are 45 million student loan borrowers […]

Posted in: Student Loans,
05
Jun
Monthly Car Payments Now Higher Than Ever

According to data released by Experian, average monthly car payments are now higher than ever. People financing new cars are paying a higher average monthly payment than ever, according to information released by Experian. The average car payment reached $523 in the first quarter of 2018. Experian came up with that figure after pulling numbers from […]

Posted in: Auto Loan News,
02
Jun
Judge Pauses Former Corinthian Colleges Students’ Loan Payments

Ex-Corinthian College students may be happy to read that the Department of Education will temporally stop collecting loan debts. Thousands of students who went to Corinthian Colleges and filed a lawsuit for student loan relief scored an important victory last month. The presiding judge acted to temporarily stop the U.S. Department of Education from collecting loan [&h

Posted in: National News, Student Loan News,